The changes came at the general meeting held on Friday in the Porsche-Arena in Stuttgart. Qatar’s sovereign wealth fund acquired a 10% voting stake in Porsche last year amid the turmoil of a reckless, leveraged and failed takeover bid of Volkswagen by Porsche that ultimately saw the ouster of Porsche chief executive Wendelin Wiedeking and chief financial officer Holger Haerter.

Sheikh Jassim Bin Abdulaziz Bin Jassim Al-Thani is the chairman of the board of Qatar Foundation International, USA, and is a member of the boards of Qatar National Bank, of InvestCorp and of Qatar Foundation Endowment Fund.

It appears that the Porsche and Piech families still control 90% of the remaining voting rights.